DLH (DLHC) Issues Quarterly Earnings Results

DLH (NASDAQ:DLHC) released its earnings results on Tuesday. The business services provider reported $0.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.01, Morningstar.com reports. DLH had a return on equity of 10.01% and a net margin of 0.09%. The company had revenue of $30.22 million for the quarter, compared to analysts’ expectations of $29.00 million.

Shares of DLH (NASDAQ:DLHC) opened at $6.30 on Thursday. DLH has a 52 week low of $4.10 and a 52 week high of $6.83. The stock has a market capitalization of $73.08, a P/E ratio of 21.96 and a beta of 0.12.

In other DLH news, major shareholder Wynnefield Partners Small Cap sold 150,000 shares of the stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $6.15, for a total transaction of $922,500.00. The sale was disclosed in a document filed with the SEC, which is available at this link. 25.90% of the stock is currently owned by corporate insiders.

Several institutional investors have recently modified their holdings of DLHC. Essex Investment Management Co. LLC lifted its stake in shares of DLH by 149.2% during the 3rd quarter. Essex Investment Management Co. LLC now owns 71,887 shares of the business services provider’s stock worth $466,000 after purchasing an additional 43,043 shares during the period. Commonwealth Equity Services Inc purchased a new position in shares of DLH in the 3rd quarter worth $2,342,000. Finally, Dimensional Fund Advisors LP purchased a new position in shares of DLH in the 3rd quarter worth $121,000. 54.27% of the stock is currently owned by institutional investors.

A number of equities research analysts recently weighed in on the company. TheStreet upgraded DLH from a “c” rating to a “b-” rating in a report on Wednesday, November 1st. Zacks Investment Research upgraded DLH from a “hold” rating to a “buy” rating and set a $7.00 price target on the stock in a report on Monday, January 8th. Finally, Canaccord Genuity restated a “buy” rating and issued a $7.00 price target on shares of DLH in a report on Friday, October 13th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $7.17.

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About DLH

DLH Holdings Corp. provides healthcare and social services in the United States. It offers defense and veterans’ health solutions, including case management, physical and behavioral health examinations, and medical administration and logistics services. The company also provides a range of human services and solutions, which consists of educational and environmental support services for the underserved children and youth comprising health, nutritional, parental, and behavioral services; and IT system architecture design, migration plan, and ongoing maintenance services.

Earnings History for DLH (NASDAQ:DLHC)

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